Arizona Recognizes Gold, Silver Bullion As Legal Tender But More Work Needs To Be Done
(Kitco News) – Citizens of Arizona who believe in the value of hard currencies won a strategic victory earlier this week as Governor Doug Ducey signed a law that eliminated capital gains taxes on gold and silver bullion.
Gold Ekes Out Gains Today Despite Bearish Outside Markets
(Kitco News) – Gold prices were ending the U.S. day session modestly higher Thursday, on a mild technical rebound from the recent selling. Prices have been trading choppy and sideways for the past week, amid a lack of new, bullish fundamental developments. June Comex gold was last up $2.90 an ounce at $1,256.00. July Comex silver was last up $0.073 at $17.19 an ounce.
Don’t Forget About Gold Just Yet; ‘Expect The Unexpected’ – RBC Capital Markets
With so many unknowns still lingering in the marketplace, investors shouldn’t forget about gold just yet, at least that’s what some RBC Capital Markets analysts suggest.
Standard Chartered: Resilience Of New Gold ETP Investors Untested
Traders may be reluctant to hold bearish gold positions going into a long Memorial Day weekend in the U.S., considering some of the still-simmering geopolitical uncertainties, says Sean Lusk, director of commercial hedging with Walsh Trading.
Read moreGold Holding Steady As Following Slightly Stronger-Than-Expected Labor Data
(Kitco News) – Gold prices continue to hold on to small gains after Initial weekly U.S. jobless claims saw muted change, rising by 1,000 to a seasonally adjusted 234,000 in the week to Saturday, the government said. This was less than consensus forecasts.
Gold Firmer On Corrective Bounce From Recent Pressure
(Kitco News) – Gold prices are modestly higher in early U.S. trading Thursday, on a technical rebound from the recent selling. Prices have been trading choppy and sideways for the past week, amid a lack of new, bullish fundamental developments. June Comex gold was last up $4.90 an ounce at $1,258.00. July Comex silver was last up $0.093 at $17.21 an ounce.
Fortuna Reports Jump In First-Quarter Net Income
Fortuna Silver Mines Inc. (NYSE: FSM; TSX: FVI) lists first-quarter net income of $13 million, or 8 cents per share, compared to a net income of $2.6 million, or 2 cents, in the same period of 2016.
Fed Incompetence In 60 Seconds
Read moreGold Resilient As Fed Meeting Minutes ‘Cloud Consensus’
The FOMC meeting minutes showed that the widely expected June rate hike is not a sure thing yet, keeping gold above the $1,255 levels, one economist told Kitco News.
Read moreFed Might Surprise Markets And Not Move In June – Peter Hug
The U.S. Federal Reserve could shock markets come June by not raising interest rates at its upcoming monetary policy meeting, in return greatly boosting gold, this according to Kitco’s global trading director Peter Hug.